In a concerted effort to boost its presence in the lucrative
Chinese market, leading hotelier
Hyatt Hotels Corporation
) recently declared the launch of two properties under Park Hyatt
and Hyatt Regency brands in Changbaishan, China. These openings
are in line with the company's goal to expand its presence
worldwide, especially in the Asian market.
The two hotels named Park Hyatt Changbaishan and Hyatt Regency
Changbaishan mark the debut of Hyatt branded ski resorts in the
region. Situated close to each other at the base of Changbai
Mountain range and in close proximity to the Changbaishan
Airport, the Songjianghe railway station and several other
entertainment options, the properties form a part of the
Changbaishan International Resort development project.
The Changbai Mountain range, with its natural and cultural
attractions, is one of the leading tourist destinations in China.
The country's National Tourism Bureau conferred a rating of 5A
for its picturesque beauty. These factors justify Hyatt's
decision to expand in the area.
While Park Hyatt Changbaishan boasts 163 guestrooms along with
36 suites, Hyatt Regency Changbaishan has 278 guest rooms. These
hotels have various amenities, which are expected to attract both
business as well as leisure travelers.
China is set to be the world's leading travel destination by
2020. In order to tap this attractive opportunity, the Zacks Rank
#3 (Hold) company is now venturing into various untapped but
economically viable Chinese cities. Presently, the company boasts
23 properties in China of which 10 operate under the Hyatt
Regency brand while 4 operate under the Park Hyatt brand.
China has been among the key markets for another hotelier,
Starwood Hotels & Resorts Worldwide Inc.
), as well. The company currently has around 218 hotels under
several brands in the country, of which 2 are in
Some better-ranked stocks in the hotels sector include
Home Inns & Hotels Management Inc.
Wyndham Worldwide Corporation
), both with a Zacks Rank #1 (Strong Buy).
HYATT HOTELS CP (H): Free Stock Analysis
HOME INNS&HOTEL (HMIN): Free Stock Analysis
STARWOOD HOTELS (HOT): Free Stock Analysis
WYNDHAM WORLDWD (WYN): Free Stock Analysis
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